The social fixed asset investment was 3289.5 billion Yuan in the first half of the year, 25.4% more than the same period level of the last year; the increasing rate was 2.6% faster than the first quarter, but 3.2% slower than the same period of the last year. Moreover, the fixed asset investment in cities and towns accomplished 2796.7 billion Yuan, increased by 27.1%; the growth rate was 1.8% higher than the first quarter, but 3.9% lower than the same period level of the last year. The investment in rural areas was 492.8 billon Yuan, 16.3% increased, which was 3.6% faster than the first quarter.

The investment from the state-owned industrial enterprises and enterprises whose controlling stake was owned by the state in cities and towns was 1402.8 billion Yuan, increased by 10.8%. Investment (in cities and towns) in residence was 498.1 billion (increased by 20%). In June, investment in cities and towns increased 28.8%.

The growing speed of the real estate development kept falling back. In the first half of the year, the real estate development investment increased 10.8% to attain 1402.8 billion Yuan, 23.5% larger than the same period of last year, and the increasing rate was 0.5% less than that of the first five months. The real estate development industry increased its purchased land area by 3.9%.

Local investment grew quicker than the central one. In the first half of the year, the central finished investment projects of 301.3 billion Yuan (i.e. 15.5% increase) while the value completed in the local was 2495.4 billions, which increased by 28.7%.

As the investment speed of the second industry kept rising, it dropped in both of the primary and the tertiary industry. In the first half of the year, investments in the primary industry was 25.9 billion Yuan, 20.8% more than the same period of the last year, 6.7 percent slower than that in the first five months of the year; investment in the second industry was 1193.9 billion Yuan, increased by 35.3%, 3.2% quicker than the first five months and in the tertiary industry was 1576.9 billions, 21.6% increase, which was 1% slower than the first five month growth rate.

The investment in coal, electricity and oil kept growing swiftly, parts of overheated industries quickened their pace. In the first half of the year, the investment in mining and dressing coal was 34.7 billion Yuan, 81.7% higher than the same period of last year; the investment in oil and gas exploitation was 54.2 billion Yuan, increased by 36.2%; investment in the production and supply of the electric power, gas and water attains 275.7 billion Yuan, increased by 35.9% and in railway construction was 33.3 billions, increased by 48%. In addition, the investment in smelting and calendering ferreous and non-ferreous metals grew 18.6% and 28.4% respectively comparing to the same period of last year to 97.4 and 29.8 billion Yuan, the growth rates were 10.8 percent and 3.7 percent higher than in the first five months; the investment in nonmetal investment products reached 52.2 billion Yuan, 13% more than the same period level of the last year, 1.3% quicker than that in the first five months.

The growth of the domestic investment continued to be quicker than foreign investment and investment of Hong Kong, Macao and Taiwan enterprises. In the first half of the year, the investment of the domestically-funded enterprises was 2424.8 billion Yuan, 27.7% increased comparing to the same period level of the last year; foreign investment was 192.8 billion Yuan, grown by 27.3% and the investment of Hong Kong, Macao and Taiwan merchants valued 147.5 billion with an increase of 20.7%.

The newly launched projects and the planned total investment continued to grow swiftly. By the end of the June, the newly developed projects accumulated to 80,516, 24,243 more than the end of the last month; the total planed investment attained 2.99 trillion Yuan, 24.3% more than the same period of last year. The number of the projects under construction was about 140,000, 29,376 more than the end of last month; the total planed investment was 13.2 trillion Yuan, 28.4% more than the same period amount of the last year.

The increasing rates of the fund and the completed investment tended to converge. In the first half of the year, the executed fund was 3359.4 billion Yuan, 26.5% more than the same period of last year, but growth rate was 0.6% slower. Seen from the sources of the funds, the national budget gave 131.9 billion Yuan (27% increased); domestic provided loans contributed 673.5 billion (11.8% increased); overseas investment increased by 22.3% to 143.4 billion and the self-raised fund went up 35.4% to 1793 billion Yuan.

In the first half of the year, the fixed asset investment presented steady but quick development as the investments in coal, electricity, oil and transportation kept growing at high speed and the two valves of the earth and the credit were still in control. However, some new phenomena appeared in the investments. First, the increasing rate of the investment tended to ascend since the beginning of the year and the extending strengths in all areas’ investments were relatively strong. Second, the difference between investment growths in different regions was enlarged as some grew too fast while some grew too slow. Third, the growing rates of investment in parts of overheated industries began to increase.